MRO Magazine

Research and Markets: World Bioplastics Market – Opportunities and Forecast, 2014 – 2020 – Projected to Reach $30.8 Billion


December 21, 2015
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/f4cvcv/world_bioplastics) has announced the addition of the “World Bioplastics Market – Opportunities and Forecast, 2014 – 2020” report to their offering.

In 2014, the market for bio-plastics stood at 4,869.2 kilo tons and is expected to grow at a CAGR of 17.5% during 2015-2020. Increasing adoption of biodegradable products and increasing popularity in the end user industries are the key factors driving the growth of bio-plastics market. However, its high production cost may hamper the market growth to a certain extent.

Geographically, the market has been segmented into North America, Europe, and Asia Pacific & LAMEA. In 2014, Europe was the highest revenue generating segment. European policy-makers’ support to the European bioplastics manufacturers and increasing adoption in the Germany, Italy and United Kingdom are the key factors responsible for the growth of bioplastics market in Europe.

However, Asia Pacific will be the fastest-growing market and is expected to grow at a CAGR of 19.6% during 2015-2020 attributable to the lion’s share investments made by the global giants in the region due to availability of huge renewable feedstock.

According to a new report, the global market for bioplastics would reach $30.8 billion by 2020, registering a CAGR of 14.8% during 2015-2020. The rising environmental awareness among the consumers and substantial curiosity of packaging industries towards biodegradability are the key factors responsible for the increasing adoption of bioplastics in rigid packaging applications. The rigid plastic application would account for more than 40% of the market revenue by 2020.

Key findings of the study:

  • Rigid plastics would be the fastest-growing application segment, at a CAGR of 31.8%, during the forecast period
  • Bio-PET 30 segment is expected to have healthy volume growth, at 25.7% CAGR, during the forecast period.
  • Polyesters and starch blends segment collectively accounted for about one-third of the overall biodegradable bioplastic market in 2014.
  • PLA is projected to be the fastest-growing segment in the overall biodegradable plastics market, in terms of revenue and volume.

Key Topics Covered:

CHAPTER 1: INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW

CHAPTER 4: WORLD BIOPLASTIC MARKET, BY TYPE

CHAPTER 5: WORLD BIOPLASTIC MARKET, BY APPLICATION

CHAPTER 6: WORLD BIOPLASTIC MARKET, BY GEOGRAPHY

CHAPTER 7: COMPANY PROFILE

Companies Mentioned:

  • BASF SE
  • Biome Technologies Plc
  • Braskem
  • Cardia Bioplastics
  • Corbion Purac
  • FKuR Kunststoff GmbH
  • Innovia Films
  • Metabolix, Inc.
  • NOVAMONT SPA
  • Natureworks LLC

For more information visit http://www.researchandmarkets.com/research/f4cvcv/world_bioplastics

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Plastics